---
schema_version: "secwatch.filing_event.v1"
accession: "0001517413-23-000216"
form_type: "8-K"
ticker: "FSLY"
cik: "0001517413"
company_name: "Fastly, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T13:05:57.022378+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fastly Q2 revenue $122.8M (+20% YoY) beats guidance; repurchases $236.4M convertible debt at 17% discount

## Summary
- Record Q2 revenue $122.8M (+20% YoY, 4% sequential); GAAP EPS loss $0.08, non-GAAP EPS loss $0.04.
- Non-GAAP gross margin improved to 56.6% from 50.4% YoY; operating loss narrowed to $7.8M from $26.9M.
- Repurchased $236.4M convertible principal for $195.7M (17% discount), resulting in $36.8M net gain.
- Enterprise customer count up 11 to 551; total customers down 28 to 3,072; DBNER increased to 123%.
- Q3 2023 guidance: revenue $125-128M; full-year revenue $500-510M; non-GAAP operating loss $15-13M Q3.

## SEC filing metadata
- accession: 0001517413-23-000216
- form_type: 8-K
- ticker: FSLY
- cik: 0001517413
- company_name: Fastly, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1517413/000151741323000216/0001517413-23-000216-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1517413/000151741323000216/fsly-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001517413-23-000216
- JSON: https://secwatch.observer/filing/0001517413-23-000216.json
- Plain text: https://secwatch.observer/filing/0001517413-23-000216.txt

## Key facts
- Earnings Releases
  Fastly, Inc. reported the second quarter ended June 30, 2023 results: revenue $122.8 million, net income $10.7 million (GAAP net loss), EPS $0.08 (GAAP net loss per basic and diluted share).
  - Period: the second quarter ended June 30, 2023
  - Revenue: $122.8 million
  - Net income: $10.7 million (GAAP net loss)
  - EPS: $0.08 (GAAP net loss per basic and diluted share)
  - Result: reported results
  source text: Second Quarter 2023 Financial Summary • Total revenue of $122.8 million, representing 20% year-over-year growth and 4% sequential increase. • GAAP gross margin of 52.3%, compared to 44.9% in the second quarter of 2022. Non-GAAP gross margin of 56.6%, compared to 50.4% in the second quarter of 2022. • GAAP net loss of $10.7 million, compared to $16.4 million in the second quarter of 2022. Non-GAAP net loss of $4.6 million, compared to $28.0 million in the second quarter of 2022. • GAAP net loss per basic and diluted shares of $0.08 compared to $0.14 in the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1517413/000151741323000216/0001517413-23-000216-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.